JPMorgan’s Kolanovic Says Stocks ‘Can Climb Out of This Hole’ [Yahoo! Finance News]
BlackRock, Inc. (BLK)
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Source: Yahoo! Finance News
() -- Marko Kolanovic is resolute that things can get better for U.S. stocks as the year progresses, even with the S&P 500 tumbling and bullish catalysts seeming rare these days.Most Read from Stocks Suffer Steepest Rout in Almost Two Years: WrapMusk Loses $12 Billion in a Day as He Tweets , Slams ESG“We can climb out of this hole,” Kolanovic, JPMorgan Chase & Co.’s co-head of global research, said in an interview last week in his New York office, referring to stock prices. “There will be no recession this year, some summer increase in consumer activity on the back of reopening, China increasing monetary and fiscal measures.”Bolstering his opinion is a conviction that US inflation has probably peaked, or is about to do so, paving the way for a pullback in price pressures that will eventually allow the Federal Reserve to moderate the pace of monetary tightening. Fed Chair Jerome Powell, in his most hawkish remarks to date, said Tuesday the US central bank will keep raising interest ra
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Earnings
- 4/12/24 - Beat
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Sec Filings
- 4/12/24 - Form 8-K
- 4/10/24 - Form PX14A6G
- 4/10/24 - Form PX14A6G
- BLK's page on the SEC website